Photo Credit: NBBJ (via http://www.nbbj.com/work/samsung-r5-research-building-and-landscape/#) On February 28, 2017, Samsung unveiled the “Business Renovation Proposal” (The Proposal, hereinafter) on its official website. The Proposal contains several measures aimed at strengthening Samsung’s transparency and compliance mechanisms, as a result of the conglomerate’s involvement in the recent political scandal in South Korea. Samsung is suspected to have illegally given approximately… Read More
Photo Credit: Robert (via Flickr) In January 2017, Rolls-Royce, one of the world’s largest luxury-car and aircraft engine manufacturers, agreed to pay $800 million in a global settlement with the United Kingdom’s Serious Fraud Office (SFO), the U.S. Department of Justice (DOJ), and Brazilian prosecutors. Rolls-Royce acknowledged that in the course of three decades it… Read More
Photo Credit: Wikipedia via https://en.wikipedia.org/wiki/File:Flags_south_america.png What makes the Odebrecht case so special? In December 2016, Brazil’s biggest construction company Odebrecht and its petrochemical subsidiary Braskem agreed to pay at least $3.5 billion to Brazilian, US, and Swiss authorities in a multi-country Foreign Corrupt Practices Act (FCPA) settlement. Aside from this record-breaking settlement, the Odebrecht case… Read More
Photo Credit: Wikipedia Business associations, as advocates for the private sector, play important roles in promoting good governance and sound policy-making, maintaining the private sector as the engine of economic growth, and helping create an open society and transparent government. However, recently, the Federation of Korean Industries (FKI), one of Korea’s five largest business associations,… Read More
Photo Credit; Flickr This blog was originally published on the Society of Corporate Compliance and Ethics’ (SCCE) “Compliance & Ethics Blog”. I was fortunate last week. While exhibiting at Transparency International’s International Anti-Corruption Conference in Panama City, Stephanie Gallagher and I were able to visit the Panama Canal. May Jane Coulson, the Canal’s ethics officer,… Read More
Photo Credit: Clamor Por Guatemala-Jouse Goge Today marks the 10th anniversary of the International Commission Against Impunity in Guatemala, known by its Spanish abbreviation as CICIG (Comisión Internacional contra la Impunidad en Guatemala). On December 12, 2006, the United Nations and the Government of Guatemala signed an agreement to establish CICIG to assist the Public… Read More